Another View of Corporate Capitalism

Carl Kaysen

The Quarterly Journal of Economics, 1965, vol. 79, issue 1, 41-51

Abstract: Peterson's three major propositions, 41. — Margins between revenues and costs and discretion of management to depart from goal of profit maximization, 42. — Imperfect product, labor, and capital markets and management choices, 44. — Decisions of management on the distribution of corporate income, 46. — Importance of the nature of the decision mechanism, 48.

Date: 1965
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